Money, Wealth & Power—A Daily Look at the Financial World
Shoppers are quietly trading logo handbags and seasonal sneakers for diamond solitaires and gold bracelets, warns Angara chief executive Ankur Daga, who says younger buyers are “prioritizing affordability and stone size in lab-grown diamonds” over the latest fashion drops. His warning lands just as Bain and Altagamma data point to a luxury market that is…
Donald Trump’s nomination of former Federal Reserve governor Kevin Warsh as Fed chair signaled a clear desire for lower interest rates and a break with Jerome Powell’s tenure. In a Fox News op-ed, Carol Roth argues that Trump is right to fear what high rates do to the federal budget, warning that “massive deficits” and…
New research from the New York Fed finds that nearly 90% of the costs of Donald Trump’s 2025 tariffs were ultimately paid by U.S. firms and households, based on import data tracked through November 2025. Released in February 2026 as a Liberty Street Economics post, the analysis directly challenges claims that foreign exporters absorbed most…
When I was listening to Elon Musk at the U.S.-Saudi Investment Forum on November 19, 2025, one line cut through the usual talk about markets and growth: he said there would come a point when “money just becomes irrelevant.” He argued that as artificial intelligence and robotics advance, the real limits will not be financial…
Bitcoin miner outflows exploded to roughly 49,000 BTC over two days in early February 2026, a transfer wave that on-chain analytics firm CryptoQuant values at close to 3 billion dollars at prevailing prices. The spike, visualized in CryptoQuant’s miner outflow charts, has ignited debate over whether embattled miners are rushing coins toward exchanges or simply…
Donald Trump is preparing a sweeping rollback of tariffs on steel and aluminum, setting up a sharp reversal from the aggressive duties his administration put in place in 2025. Those tariffs raised rates to 25% on many steel and aluminum imports in March, then to 50% on a broader set of products in June, under…
Steel producers saw their shares tumble after reports emerged that the Trump administration is considering cuts to the hefty tariffs imposed on steel imports last year. Nucor and Cleveland-Cliffs led the declines as investors digested the potential policy reversal that could erode the pricing power these companies have enjoyed under the current trade protection regime….
Nevada’s AI infrastructure boom just reached a new scale as I learned that Nvidia has reportedly signed a massive lease for a 200-megawatt data center facility in Storey County, backed by a $3.8 billion junk bond sale that was upsized by $150 million in early 2025. This deal positions Nvidia at the center of what’s…
A new analysis from the New York Federal Reserve has added fresh fuel to the long-running argument over Donald Trump’s tariffs: the duties can function like a tax on Americans themselves. Rather than forcing foreign exporters to absorb the full cost, the analysis is described as finding that U.S. importers and consumers absorbed much of…
When the federal government moves to cut public health money, the pain is felt first in local clinics and data teams, not in Washington. Minnesota is among the states caught up in uncertainty over federal public health grant funding as a national dispute plays out. The fight over those dollars is about far more than…